EUR/CAD analysis, June 16, 2022
On the 4hour candle chart
The EUR/CAD currency pair failed to break the support area at 1.3415/1.3386 several times previously.
If the currency pair manages to break the support area this time, it is likely to target support levels at 1.3300 and 1.3208.
On the other hand, a recovery of the EUR against the Canadian Dollar could face resistance from the 100-hour simple moving average near 1.3534.
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